SBI offers remittances to India through multiple channels. Our remittance products are customized to suit your needs. You can select the mode of remittance based on the time within which you need to remit to India.

For information on remittances from US, UK, Canada and Middle East use the right navigation links.

The following table lists the generic remittance options for other countries as well.

Mode of Remittance

Normal Time Taken

Instant Transfer

Instantaneously

Online remittance

1 to 5 days depending on the mode of online remittance chosen

Speed remittance (SBI EXPRESS)

Within 1 day

SWIFT

1 to 3 days

Draft / Cashier's Cheque / International MO

7 days to 28 days

Foreign Currency Cheque

7 days to 28 days

More Information on Remittances:

Instant Transfer:

"Instant Transfer is a real time rupee remittance facility from SBI Foreign Offices in 17* countries across the world to your / beneficiary's account maintained with SBI in India at any of the over 19,000 Core Banking Branches of SBI and Associate Banks, as also to over 65,000 NEFT/ RTGS enabled branches of other banks in India."

Facility also available to non-account holders (of our foreign branches) at certain centres

Charges for ‘Instant Transfer’ vary at different branches. Branches in some countries may offer the facility at concessional rates to their account holders. Please contact our branch in your Country to know the schedule of charges of ‘Instant Transfer’ for you.

No need for any branch visits or paperwork. Remittance instructions can be posted 24 X 7.

Online Tracking of remittance request through every stage of the transaction.

Charges *

Given below is the present charges structure for all the GBP remittances sent through SBI Express Remit UK.

Remittance amount

For credit to SBI & Associate banks

For credit to other banks through NEFT/ RTGS

GBP 50 - GBP 500

No charges

Rs. 100 /-

Above GBP 500

No charges

No charges

* Foreign Currency Conversion charges of Rs.250/- levied on every remittance.* Service Tax for conversion of Foreign Currency to Indian Currency or vice-versa is payable to the Government of India, Ministry of Finance. The service tax rates with effect from 1st April, 2012 are as follows:

0.12% of the gross amount of currency exchanged for an amount of Rs 1,00,000, subject to minimum of Rs 30/-; and

Rs 120 and 0.06% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to 10,00,000; and

Rs 660 and 0.012% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000; subject to a maximum amount of Rs 6,000.

* Education cess @ 3% on service tax is also applicable for every transaction.* The above charges structure is subject to change.

SBI EXPRESS REMIT CANADA

Send money online from Canada to India from the comfort of your home or office.

Transfer funds from your existing bank account (of any bank) in Canada to an account in SBI in India, through the Canadian Automated Clearing Settlement System (ACSS)

Facility available only for credits to beneficiary accounts in State Bank of India in India

Online tracking of remittance request through every stage of the transaction

Log on to https://remit.onlinesbi.com and select Canada as the region

You can remit up to CAD 10,000 through a single transaction to an account with SBI

Minimum amount of remittance is CAD 50

Money is received and processed in 3 working days

Given below is the present charges structure for all the GBP remittances sent through SBI Express Remit Canada:

Remittance amount

For credit to SBI & Associate banks

For credit to other banks through NEFT/ RTGS

CAD 50 – CAD 500

No charges

Rs. 6/-

Above CAD 500

No charges

No charges

* Foreign Currency Conversion charges of Rs.250/- levied on every remittance.* Service Tax for conversion of Foreign Currency to Indian Currency or vice-versa is payable to the Government of India, Ministry of Finance. The service tax rates with effect from 1st April, 2012 are as follows:

0.12% of the gross amount of currency exchanged for an amount of Rs 1,00,000, subject to minimum of Rs 30/-; an

Rs 120 and 0.06% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to 10,00,000; and

Rs 660 and 0.012% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000; subject to a maximum amount of Rs 6,000.

* Education cess @ 3% on service tax is also applicable for every transaction.* The above charges structure is subject to change.

SBI EXPRESS WORLDWIDE

It is a web-assisted remittance service, to remit money to beneficiary accounts in India from number of countries across the world using CIP (Customer Initiated Payments) mode of money transfer. Remittances can be sent in any of the below mentioned 39 currencies from across the world.

Log on to https://remit.onlinesbi.com/glsww/

Online tracking of remittance request through every stage of the transaction

You can remit money in your local currency up to equivalent of USD 10,000 through a single transaction to an account with SBI

In case of accounts with other banks, you can remit in your local currency up to equivalent of USD 5,000 through a single transaction

Minimum amount of remittance in your local currency is an equivalent of USD 50

Charges *

Given below is the present charges structure :

Remittance Amount

For credit to SBI & Associate banks

For credit to other banks through NEFT/ RTGS

Up to equivalent of USD 500

No charges

Rs. 6

Above equivalent of USD 500

No charges

No charges

* Foreign Currency Conversion charges of Rs.250/- levied on every remittance.* Service Tax for conversion of Foreign Currency to Indian Currency or vice-versa is payable to the Government of India, Ministry of Finance. The service tax rates with effect from 1st April, 2012 are as follows:

0.12% of the gross amount of currency exchanged for an amount of Rs 1,00,000, subject to minimum of Rs 30/-; and

Rs 120 and 0.06% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to 10,00,000; and

Rs 660 and 0.012% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000; subject to a maximum amount of Rs 6,000

* Education cess @ 3% on service tax is also applicable for every transaction.* The above charges structure is subject to change.

List of acceptable currencies

AED

United Arab Emirates Dirham

KWD

Kuwaiti Dinar

AUD

Australian Dollar

LTL

Lithuanian Litas

BGN

Bulgarian Lev

LVL

Latvian Lats

BHD

Bahraini Dinar

MAD

Moroccan Dirham

CHF

Swiss Franc

MUR

Mauritius Rupee

CZK

Czech Republic Koruna

MXN

Mexican Peso

DKK

Danish Krone

NOK

Norwegian Krone

DZD

Algerian Dinar

NZD

New Zealand Dollar

EEK

Estonian Krron

OMR

Omani Rial

EGP

Egyptian Pound

PLN

Polish Zloty

EUR

Euro

QAR

Qatari Rial

GBP

Great Britain Pound

RON

Romanian Leu

HKD

Hong Kong Dollar

SAR

Saudi Arabian Riyal

HRK

Croatian Kuna

SEK

Swedish Krona

HUF

Hungarian Forint

SGD

Singaporean Dollar

ILS

Israeli Shekel

THB

Thai Baht

ISK

Icelandic Krona

TND

Tunisian Dinar

JOD

Jordanian Dinar

TRY

Turkish New Lira

JPY

Japanese Yen

ZAR

South African Rand

KES

Kenyan Shilling

Speed Remittance (SBI Express):

SBI Express enables NRIs to send rupee remittances to India through Exchange Houses / Banks / our branches in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. The beneficiary in India can receive the remittance through any one of the following options:

Credit to his / her account held in any of over 13,000 SBI branches within 24 hours, and over 60,000 NEFT/ RTGS enabled branches of other banks in India by the end of the next working day.

For other beneficiaries, draft will be couriered by the next working day.

Countries and entities offering SBI Express service:

Country

Name

Telephone

Bahrain

Bahrain Financing Co.

+973 17228888

Bahrain India International Exchange Co.

+973 36493695

Kuwait

Al Mulla International Exchange Co.

+965 22478250

Al Muzaini Exchange Co.

+965 2417604

Bahrain Exchange Co.

+965 1824000

Kuwait India International Exchange Co.

+965 22422688

UAE Exchange Centre, Kuwait

+965 22459417

Oman

Global Money Exchange

+968 24703566

Mustafa Sultan Exchange Co.

+968 24707025

Oman & UAE Exchange Centre

+968 24796533

Qatar

Doha Bank

+974 44456941

Trust Exchange Co.

+974 4312320

Saudi Arabia

Al Rajhi Banking & Investment Corporation

+966 1 2114495
+966 1 2795769

Arab National Bank

+966 1 4029000
(ext. 7501)

The National Commercial Bank

+966 2 6462800

UAE

Al Ahalia Exchange Co.

+971 2 6269329

Al Ansari Exchange Co.

+971 2 6108717

Al Fardan Exchange Co.

+971 2 6223222

Al Rostamani International Exchange

+971 4 6098135

City Exchange

+971 4 3937868

Emirates India International Exchange

+971 4 2247088

Lulu International Exchange L.L.C.

+971 2 6547000

Orient Exchange Co.

+971 4 2267339
+971 4 2267994

UAE Exchange Centre

+971 600555550

Wall Street Exchange Centre

+971 4 2284889

SBI EXPRESS RUPEE INSTANT (FLASH):

It enables you to instantly transfer money through any of our select associated Exchange Companies in Middle East to your beneficiary's account in SBI in India. This service is currently only available for direct credit to beneficiary accounts in SBI branches in India.

Countries and entities offering SBI Express Rupee Instant service:

Country

Name

Telephone

Bahrain

Bahrain India International Exchange Co.

+973 17210330 / 440

Kuwait

Al Mulla International Exchange Co. K.S.C.C

+965 22463221

Al Muzaini Exchange Co. K.S.C.C

+965 22902220 / 1 / 2

Kuwait India International Exchange Co.

+965 22422688

UAE Exchange Company W.L.L.

+965 22459417 / 18

Oman

Mustafa Sultan Exchange Co. LLC

+968 24707025 / 24706519

Global Money Exchange Co. LLC

+968 24703566

Qatar

Trust Exchange Co. W.L.L.

+974 55560190/ 44352055 / 56

UAE

Al Ahalia Money Exchange Bureau, Abu Dhabi

+971 65353667

Al Ansari Exchange, Abu Dhabi

+971 26108888

Lulu International Exchange LLC, Abu Dhabi

+971 26547000

UAE Exchange Centre LLC, Abu Dhabi

+971 43535350

SWIFT / Wire Transfer:

International Remittance Centre (IRC)

The IRC speeds up the payment / processing of all personal retail forex inward remittances received through SWIFT MT 103. The remittance up to USD 10,000 or equivalent for personal/Individual customers can be credited to the beneficiary's account directly. For INR remittances there is no upper limit cap for personal/Individual customers.

Features

Beneficiary's account is credited through Core Banking within 1 business day of receipt of message.

Facilitates remittances from anywhere in the world to any part in India.

Other Banks' beneficiaries (having CBS account numbers) whose remittances are routed through SBI get credited through NEFT / RTGS / by latest next working day.

Remittance tracking facility through dedicated helpline.

Rs. 25/- per transaction is charged on the proceeds.

Service Tax for conversion of Foreign Currency to Indian Currency or vice-versa is payable to the Government of India, Ministry of Finance. The service tax rates with effect from 1st April, 2012 are as follows:

0.12% of the gross amount of currency exchanged for an amount of Rs 1,00,000, subject to minimum of Rs 30/-; and

Rs 120 and 0.06% of the gross amount of currency exchanged for an amount of rupees exceeding 1,00,000 and up to 10,00,000; and

Rs 660 and 0.012% of the gross amount of currency exchanged for an amount of rupees exceeding 10,00,000; subject to a maximum amount of Rs 6,000.

Education cess @ 3% on service tax is also applicable for every transaction

Check points for remitters for speedy delivery

Remitters to provide the following information to their Bankers while sending remittance, for incorporating in the SWIFT messages

Quote SWIFT of State Bank of India, IRC as SBININBBFXD .Otherwise kindly quote the nearest SWIFT link branch of the beneficiary branch.

Core Banking account number of the beneficiary (11 digits only with initial digit as non zero).

Full name and complete address of beneficiary. (Mobile number optional).

NRIs can send remittances to India using SBI's foreign branches or a vast network of 490 correspondent banks across the globe. The remittance can be sent to the beneficiary's branch directly if it is a SWIFT linked branch. Please click on the following link to view the list of swift enabled branches with the SWIFT BIC code. Else, an NRI can select a SWIFT linked branch located close to the beneficiary's home town, which will handle the SWIFT transaction and transfer the funds to your beneficiary's account.

The following is a template of the SWIFT transfer instruction form, which an NRI can submit at his local bank.

Field 56(Intermediary Institution)

Bank Name:SWIFT Code:

(Please refer to the list of correspondent banks to locate a bank and the SWIFT code)

Field 57(Beneficiary Bank)

Bank Name: State Bank of India Branch:SWIFT Code:

(Please refer to the list of SWIFT linked branches to locate a branch and the SWIFT code)

Field 59(Beneficiary Customer)

Beneficiary Name:Account No:SBI Branch:

Field 70/72(Remittance information / purpose of remittance)

If the remittance is in foreign currency, you need to specify instructions to:

Draft / Cashier's Cheques:

Cashier's Cheque / International Money Order:

Remittance by cashier's cheque or international money order, works on the same principles as a cheque drawn on a foreign bank.

Draft:

If a remittance is sent as a demand draft, the beneficiary can deposit it at the branch in India, where the NRI or beneficiary holds an account. The draft will be sent to the branch where it is payable. After collection, the proceeds will be deposited in the account. If the remittance amount must be converted to INR, the exchange rate prevalent on the date of conversion will be applied. Collection charges will be as applicable from time to time.

Foreign Currency Cheques:

An NRI can deposit personal cheques drawn on a bank abroad in foreign currency and credit the same to his / her account with a branch in India. The cheques are sent to the respective countries for collection and on receipt of funds, the amount is deposited in the NRI's account. Collection period varies depending on the country, local clearing regulations and location of the bank on whom the cheque is drawn. Collection charges are recovered as applicable from time to time. Cheques can be deposited at the branch through messenger or sent to the branch by post / courier. If the cheque is in foreign currency and the credit must be offered in Indian rupees, the exchange rate prevailing on the date of conversion will be applicable.

The guidelines issued by RBI relating to “Know Your Customer” (KYC) norms mandate the Bank to periodically update customer record with current information relating to customer’s identity and address. Accordingly, your account with us will be due for update, if it was opened more than two years ago.

You are therefore requested to kindly submit documents for re-KYC to your home branch, along with the request letter. Please click here, to download the standard request letter containing the documents and information required.

We request your co-operation in order to make your account compliant with the regulatory guidelines.

In case, you have forgotten your login password for your Internet Banking (INB) facility, it can be reset online itself, with the help of your Profile Password.

We have started emailing detailed position of NRI accounts with us as a password protected PDF attachment on the registered e mail address, beginning from March 14 quarter. In case of any issues, please contact your home branch.

Now, you can place a request for outward remittance or funds transfer (forex) favouring a third party from your NRE Savings Bank account to any account overseas through SWIFT mechanism using Internet Banking facility.

To use this facility, please go to 'Outward Remittance from NRE' under 'NRI Services' tab of 'e-Services' in the menu bar of your Internet Banking account.

Now, you can place a request for disposing off a remittance expected into your NRE / NRO account with us. It will serve three purposes, as mentioned below:

Tracking and disposal of fresh remittance

Creation of multiple deposits

Request for creation of FCNR (B) deposits

To use this facility, please go to 'Inward Remittance Disposal Request' under 'NRI Services' tab of 'e-Services' in the menu bar of your Internet Banking account.

If you have not applied for Internet Banking (INB) earlier or does not have INB facility, you can now self-register for it online without visiting the branch.

Simply, you have to fill in few details, thereafter a request letter will be generated during the registration process which you have to post/courier to your home branch for INB activation.

If you have received USER ID for Internet Banking on your registered mobile number as a SMS but you have not received login and transaction passwords in 15 days of receiving USER ID, you can now place a request for re-issuance of passwords online, without visiting the branch.

For placing a request, please go to Online Banking page and click on "Trouble Logging In" on Personal Banking login page. In order to capture your request, system will ask for few information, which after validation through One Time Password (OTP) will be processed.